[Business Wire] – SEATTLE–(BUSINESSWIRE)– ( NASDAQ:AMZN – News)—Amazon today announced the release of Songs of Summer, a collection of more than 30 original recordings available exclusively for streaming on Prime Music and purchase on Amazon in the US, UK, Germany, Austria, and Japan. New renditions of popular summer songs include Brandi Carlile singing her version of The Beach Boys classic “God Only Knows,” Beats Antique covering the famed song “Cruel Summer” originally from Bananarama, and Passenger putting his spin on Otis Redding’s “(Sittin’ On) The Dock Of The Bay.” Newly-written songs can be heard from artists like Baio of Vampire Weekend, Kate Voegele, Sublime with Rome, and more. “Prime members have loved listening to the original music we’ve released, from Amazon Acoustics to Indie for the Holidays, and we’re thrilled to continue to offer new, interesting music and more ways to discover great artists with today’s debut of Songs of Summer,” stated Steve Boom, VP of Digital Music for Amazon. Read more on this. Amazon.com, Inc. (AMZN) , valued at $340.73B, started trading this morning at $727.00. During the trading session, AMZN traded between $718.43 to $727.00 and has traded between $419.14 and $728.28 over the past year. AMZN shares are currently priced at 135.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.48x earnings multiple for the same period. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. Investors should also note that the full-year EPS estimate of $5.36 is a $4.11 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $29.57 Billion. If realized, that would be a 27.57% increase over the year-ago quarter. In terms of ratings, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. The average price target for AMZN shares by the analysts covering the stock is $797.17, which is 9.65% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Stock Update (NASDAQ:AMZN): Amazon.com Launches First-Ever Summer Toy List Featuring the Best Toys and Games for Summer Fun Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN) Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Original Series Mad Dogs Will Debut Exclusively for Prime Members on January 22